Washington applies pressure on Iran via Bank of Egypt branches in UAE

The U.S. Treasury Department plans to cut the operations of Banque Misr’s branches in the United Arab Emirates from the American financial system due to their involvement in financial transactions with Iran. This move is part of Washington’s broader efforts to intensify economic pressures on Tehran. The decision aims to prevent the bank from using the U.S. dollar in its daily dealings and is part of an expanded campaign to impose sanctions on Iran, emphasizing that U.S. policies seek to strangulate the Iranian economy and increase pressure on it. These measures include tightening financial sanctions and threatening to impose restrictions on countries that cooperate with Tehran, in order to diminish its economic influence.

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